Conjunction fallacy: two things are more likely to happen than one of the things...

example: in class example of a woman being more likely to be a bank teller and a feminist, than her to only be a bank teller

Describe representativeness heuristic and be able to recognize an example

Representativeness heuristic: certain traits that represent your idea of a person. uses your history/pattern of people to make a decision.

Describe framing effects and be able to recognize an example

Framing effect: the theory that people have a different reaction to an event, based off of the idea, if it is given a positive spin versus a negative spin...

example: the use of words the media uses to describe the events based off their political beliefs

pro-life vs pro-choice

Describe the difference between the availability and representativeness heuristics

availability has to do with how much events stick out in our head... such as breast cancer being sticking out in our head... vs how likely they are to happen... breast cancer occurs far less likely than heart disease, but everyone in the class though more woman died from breast cancer

where as representativeness is based on certain traits making us decide that something matches what we "know" a person fits.

Recite the characteristics of System 1 processing and System 2 processing be able to recognize examples of each

System 1: use of past experience. fast, unconscious... prone to mistakes